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Stagedoor unveils fundraising initiative to drive growth

Theatre ticketing platform Stagedoor has launched a fundraising campaign for the £750,000 ($938,600/€838,350) it needs to support user growth and technology upgrades.

The money will go towards making improvements to its app, which provides a theatre guide, event discovery and a ticketing platform. It is also looking to expand its user base to 120,000 people.

Stagedoor offers personalised and social recommendations, as well as ticket booking with interactive seating maps and quick payment across more than 150 shows.

In 2018, the firm raised £350,000 and has seen user figures increase by four while revenue has shot up by seven times with a community of more than 40,000 users in London.

Michael Hadjijoseph, co-founder and chief executive of Stagedoor, said: “It has been a phenomenal 18 months for Stagedoor and we can’t wait to begin the next stage of our growth, as we work towards our goal of making theatre accessible to a new generation.”

Stagedoor has appointed Lazarus Consulting, the boutique advisory firm, to handle the fundraiser, but has also opened it up to users via the Seedrs crowdfunding platform.

Image: Stratfordeast